Is TradeATF.com legit? read the review to learn more about the broker
In Forex or any other trading markets, one of the most important undertakings any trader should attend to is choosing a credible broker. Brokers are the ones who offer trading software, instruments, and other tools/features necessary for successful execution and if you’ve made a bad decision, they’re going to undermine not only your positions but also your personal finances.
So, it goes without saying how important it is to choose the right broker. And lucky for our readers, we specialize in making reviews of them and providing all the necessary information regarding their license, trading terms and conditions, and software.
Today, we’ll have a look at the Trade ATF FX brokerage and see how it stacks up against high financial or customer service standards.
Trade ATF is a Forex brokerage that offers not only Forex pairs but also other securities like commodities, cryptocurrencies, as well as CFDs and ETFs. Along with this diversity comes the maximum leverage at a 1:300 ratio which promises to increase trading positions up to three hundred times. We’ll explain this feature more closely down below.
The broker was registered on Cyprus by the Cyprus Securities and Exchange Commission (CySEC). Because of this license, we believe that the broker is held against higher financial standards and the Trade ATF scam suspicions are unfounded, to say the least.
The website itself, where you can see all these offerings and tools, looks pretty simplistic and easily-discernible. One can attain the information they’re looking for in just one or two clicks. Therefore, website optimization is really impressive. And when it comes to trading software, the broker offers MT4, as well as MT5 to its traders.
All in all, the initial review indicates that we’re dealing with a credible broker with pretty lucrative offers. Let’s dive deeper and examine all of the above-mentioned elements.
Is there a potential Trade ATF scam?
Having a functional website should be among the priorities of Trade ATF Forex Broker, and in this case, that’s exactly what we get. The interface is very simplistic and pleasing to the eye. It doesn’t distract the visitors and allows them to easily acquire any information they’re interested in.
Another very important aspect to keep in mind is that Trade ATF Forex broker offers a very comprehensive educational material on its platform. So, whether you’re interested in how the leverage, spreads, or bonuses work, you can read the articles and instantly gain more knowledge. Besides being very useful, this section also proves that the broker has a credible license because the licensed brokers are compelled to provide educational material on their website.
On top of all that, there’s even the news section where traders can find all the important developments on the market and track the factors that influence the prices. All in all, we have no complaints about the website; in fact, we think that it has a pretty well-designed interface where the visitors can easily find any information of their liking.
Every company, be it a brokerage or a toothpaste selling firm, needs to have a proper customer support department that provides assistance in a prompt and articulated manner. And lucky for the Trading ATF customers, this broker has a very good customer support service that works tirelessly to help every single customer.
There are two options for contacting the broker: online chat and email. For greater immediacy, we’d advise using the first option because the technicians there are much quicker to answer short messages. However, if your issue is more complex, then an email would be a better option for you. Either way, the broker will help you solve all the problems regarding trading.
All the first-time customers who want to register the trading account onto the website should find no trouble in completing the process. The upper side of the navigation bar displays the button, sending you to the desired page. Traders have to fill in the basic input fields, such as first and last names, email address alongside with the phone number to verify the user identity.
This level of simplicity speaks highly of the broker as it’s easier for the beginner traders to set up their accounts. But if someone is suspicious of the Trade ATF fraud for the same simplicity reasons, they need to keep in mind that if a person wants to actually deposit money and start real trading – not the demo one – they also need to upload an image of their ID. This way, the broker filters users out and only approves those who have properly documented their identity.
Trade ATF Forex broker account types
Next up, the account types. Trade ATF allows its clients to open accounts with three options: they can choose a Basic account, Standard, or Premium and get different advantages, as well as requirements. For instance, when opening a Basic account, you’ll be required to deposit no less than $500 on your account balance.
One thing to mention about that deposit requirement is that while it’s certainly large for some beginner traders, it’s still pretty low considering what other brokers charge their clients. Besides, inexperienced traders can always open a demo account and trade without financial casualties.
One similarity between all account types – apart from the elite account – is the fact that all of them have a fixed 4% commission fee per transaction. This is the fee traders pay for using broker’s platform and while it’s not necessarily low, it’s still not high as other brokers charge.
All in all, the account separation is pretty good and it certainly increases our Trade ATF opinion quite significantly. Both experienced and beginner traders can easily use the platform and make their way into trading Forex, commodities, or other securities.
Another important aspect of software support is trading platforms. Fortunately, the broker uses the most popular MetaTrader 4 which is the most simplistic, as well as a widely-used program in trading. MT4 offers three different chart types – line, bar, and candlestick – and allows users to trade around 200 instruments in a single platform.
However, the broker is also working on releasing the MetaTrader 5, which is basically the same software but with a lot more timeframes and trading instruments. All in all, the existing trading software is a pretty good deal for any trader who wants a stable and smooth trading experience.
Can Trade ATF be trusted?
So, what’s our final Trade ATF rating? Well, we’d give this broker 4.6 out of 5. Those 0.4 points can go for commissions and a lack of diverse payment mechanisms.
But what’s good about this broker far outweigh some minor disadvantages. And to be clear, there are many advantages to count for. For instance, the broker offers lots of trading instruments ranging from currency pairs all the way to the ETFs. Also, these instruments come with a 1:300 leverage which takes margin trading to the next level.
As for the regulation, the broker has a CySEC license which is pretty legit and allows Trade ATF to operate in almost all EU countries. And when it comes to the software, you can see that we hade almost nothing to complain about it apart from those 4% commissions.
All in all, we think that Trade ATF is as legit as it gets and deserves to be treated as such!